36. The following interest payments were made by an individual income taxpayer in 2022:Sua12/8TUCKTueboeGETOLvay Tudor::TD1 ne q/02Interest on loan from BDO used to financea businessInterest on loan from Pag-Ibig to buildresidenceA. 80,000B. 82,500C. 175,000D. 221, 500Interest on loan obtained from brotherand used in businessInterest on loan from BPI used to buycomputer equipment in the officeInterest for late payment of value-addedtaxInterest on purchase price of residentiallot bought on installmentsInterest payment on a debt which hasprescribedThe deductible amount of interest isOP 50,000100,00025,00030,0002,5002,00012,000

Deductible interest expense refers to the interest payments that an individual or business can…

Answered: prescribed A. 80,000 B. 82,500 go C.…

Business

Accounting

prescribed A. 80,000 B. 82,500 go C. 175,000 221.500 The deductible amount of interest is FO

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ef 253.
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